Concurrent Investment Advisors LLC Has $14.82 Million Stock Position in iShares MSCI USA Quality Factor ETF $QUAL

Concurrent Investment Advisors LLC cut its stake in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 42.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,527 shares of the company’s stock after selling 50,094 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $14,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QUAL. Bank of America Corp DE lifted its stake in shares of iShares MSCI USA Quality Factor ETF by 36.9% in the 1st quarter. Bank of America Corp DE now owns 8,741,641 shares of the company’s stock valued at $1,676,734,000 after purchasing an additional 2,357,971 shares during the period. Two Sigma Investments LP grew its stake in iShares MSCI USA Quality Factor ETF by 99.7% during the third quarter. Two Sigma Investments LP now owns 1,931,800 shares of the company’s stock worth $375,735,000 after purchasing an additional 964,500 shares during the period. Goldman Sachs Group Inc. increased its holdings in iShares MSCI USA Quality Factor ETF by 403.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,107,669 shares of the company’s stock worth $220,005,000 after purchasing an additional 887,478 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in iShares MSCI USA Quality Factor ETF in the fourth quarter worth approximately $81,990,000. Finally, Orion Porfolio Solutions LLC lifted its stake in iShares MSCI USA Quality Factor ETF by 298.3% in the second quarter. Orion Porfolio Solutions LLC now owns 542,767 shares of the company’s stock valued at $99,229,000 after buying an additional 406,488 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

iShares MSCI USA Quality Factor ETF stock opened at $222.58 on Friday. The stock has a market capitalization of $64.54 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 52-week low of $185.88 and a 52-week high of $227.32. The stock’s 50 day moving average price is $221.12 and its two-hundred day moving average price is $211.06.

iShares MSCI USA Quality Factor ETF Company Profile

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector. QUAL was launched on Jul 18, 2013 and is managed by BlackRock.